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. workers are protesting the government's austerity measures. government officials submitted a draft of the 2013 budget yesterday that calls for a new wave of deep cuts which will save $10 billion next year. workers will protest proposed cuts to salaries, pensions and other benefits. last week, 50,000 people in athens demonstrated against austerity. wages in china are going up - by some estimates, about 17% a year. it is providing china's growing middle class with more money to buy goods, though inflation is not helping. but it may also drive up the cost of making some of those products there, as well. in our cover story, who gains as china's employee base moves up? despite china's present economic slowdown, the story of its workforce recently has been of migration from farm to factory. 25 million made the move in 1990. last year, that figure grew to 158 million. it has increased china's productivity and competitiveness. but lately, that workforce is demanding more. "they increasingly learn that there's a big gap in what they earn and some other people." the wage gap in narrowing. tw
regarding the united states, but also in those skirmishes between turkey and syria regarding the government in syria and the civil war that's taking place there. likewise the rapid devaluation of the iranian currency being fueled by hyperinflation seeing significant middle eastern money using a flight to quality trade by purchasing gold. > > speaking of which, everybody is talking about gold this week. is there too much bull? is it time to become a contrarian? > > i don't think so. gold has some interesting winds at its back. for example, today the ecb and bank of england met and kept rate policy the same, so we continue to see global inflationary policies out of central banks. likewise there continues to be union strife and worker strife in south africa, which will contribute to the metal. and then of course, as i mentioned, tension in the middle east is seeing significant middle eastern financial concerns buy gold in a flight-to-safety trade. > > have a good friday on this jobs friday john. > > thank you. looking ahead, this year's fourth quarter may be the best for job seekers since just
-paying jobs after receiving the government money. in 2011, the senate voted unanimously to end unemployment payments to jobless millionaires. however, it was attached to another bill which is yet to pass in the senate. a bailout for spain is "not imminent." that's according to the country's prime minister, who told reporters yesterday that plans to request a bailout are not set in stone. stocks reacted negitively yesterday on the news. many investors have expected spain to request bailout money in order to push down its high borrowing costs. moodys will release a review of the country's sovereign debt this month. some are predicting spain's rating could be lowered to "junk status." meanwhile, greece is running short on time. government officials held a new round of talks with foreign lenders. officials need to clinch a deal before meeting up with eurozone ministers next week. all greek citizens have been displaying their frustrations with severe cuts in salaries, pensions and benefits. european leaders still question whether the austerity measures will actually happen. there was some shine
government is awash in cash. money buys influence, but it also may buy government itself. this is the unambiguous conclusion you reach in reading the book "billionaires & ballot bandits: how to steal an election in 9 easy steps." investigative reporter greg palast wrote it. he is a new york times-bestselling author and also works for the bbc and britain's the observer. what is going on is happening behind this very thin veneer of democracy, but as i read your book i get the sense that it really is a gross subversion of democracy. > > yes. we have to think about who these billionaires are. since we had citizens united, which created the so-called "corporate citizen," we've ended up with things like a million- dollar donation to the romney pac, restore our future - and i looked into it, by a company called f8 llc. > > what's that? > > i tried to look up, they have sales of $8,000 a year, which meant that their $1 million donation was pretty generous. also, the principal, a guy named diego, seems to exist only in a video game, "grand theft auto." he's an assassin. but under
and electronics. earlier in the week, 3m announced it had bought out ceramics company ceradyne. a government agency reports findin a number of false labels on supplements. according to investigators, 20% of 127 weightloss and immune-boosting supplements carry labels with illegal claims. there were even products claiming to cure or prevent cancer or diabetes or helping with hiv or aids. consumers buy up to $20 billion in supplements online and in stores. the robust apartment rental market is starting to crack as home buying steps up. apartment occupancies inched up in the third quarter. more americans are deciding to buy homes as mortgage rates drop to record lows. the 30-year fixed is 3.40%. last week, home buying applications rose 4%. re-fis soared 20%. mortgage rates are falling as the federal reserve continues to buy mortgage- backed securities to stimulate the economy. the apple rumor mill is buzzing with word of a mini ipad. reports say "mass production" of a smaller ipad is in full swing. the wall street journal says the mini pad will likely be released this month. meanwhile, if you ar
.s. government chip away at the federal deficit. and, it could be bottoms-up for investors in a beer and wine stock. keep it here. first business starts now! you're watching first business: financial news, analysis, and today's investment ideas. good morning. monday, october 8th. i'm angela miles. in today's first look: a new round of corporate earnings start up this week. overall, earnings are expected to tumble around 2% from last year. here's where we last left of on friday. stocks rallied on news the unemployment rate dropped to 7.8%. the dow gained, the s&p was flat, and a sell-off in apple dragged down the nasdaq. oil and gold staged dramatic pullbacks. today, platnum and gold producers will push to end a strike by south african workers over low wages. philip streible of rjo futures joins us on this monday morning. will we see a follow-through from that jobs number that came out on friday? > > that's a really interesting question. the reason why i bring that up is because the market reaction to the number, it was really well received. we saw the s&p 500 push up to 2007- level highs. bu
Search Results 0 to 5 of about 6